RBI ne August mein record **$43.26 Billion** ke dollars purchase kiye hain. Swap facility band hone ke baad ye move market mein liquidity sambhalne ke liye uthaya gaya hai.
RBI ka Masterstroke
Central bank ne August 2026 mein history ka sabse bada forex intervention kiya hai. Is baar RBI ne net $43.26 Billion ke dollars kharide hain. Ye tezi tab aayi jab RBI ne FCNR deposits aur external commercial borrowings ke liye chal rahi concessional swap facility ko time se pehle hi close kar diya. Isse system mein jo dollar inflows the, unhe RBI ne apne reserves ko mazboot karne ke liye absorb kar liya.
Forward Market mein kya chal raha hai?
Sirf spot hi nahi, forward market mein bhi RBI ne game badal diya hai. August ke end tak, RBI ki outstanding net short dollar positions badhkar $200.06 Billion par pahunch gayi hain, jo pichle mahine $136.77 Billion thi. Ismein long-term contracts ka bada hissa hai jo lagbhag double hokar $176.57 Billion ho gaya hai. Ye strategy Rupee ko global volatility se bachane ka ek defensive shield hai.
Rupee ka Valuation status
Investors ab Real Effective Exchange Rate (REER) par nazar rakhe hue hain. September mein REER 89.35 par raha, jo August mein 88.72 tha. Kyunki ye 100 ke baseline se niche hai, iska matlab hai ki Rupee abhi overvalued nahi hai. Domestic inflation aur trading partners ke beech ka gap is trend mein dikh raha hai.
Investors ke liye takeaway
RBI ka ye step future global instability ke liye ek safety net ki tarah hai. Traders ko ab ye dekhna hoga ki liquidity aur Rupee ki stability par iska kya impact padta hai. Forward book ko manage karne ke tarike se hedging costs aur market mein dollar supply par asar pad sakta hai, isliye RBI ke agle steps par bani rahegi sabki nazar.